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Real Estate Ramblings

By Chris and Michelle Spalding | Agent in 85383
  • Fantastic Investment Opportunity in El Mirage

    Posted Under: Home Buying in El Mirage, Home Selling in El Mirage, Financing in El Mirage  |  September 21, 2012 9:27 PM  |  519 views  |  No comments
    13013 N 127TH LN El Mirage, AZ

    Fantastic starter house in El Mirage with tile downstairs, decorator paint and a large lot with tons of potential. From the inviting entry to the cozy kitchen and all the bedrooms conveniently located upstairs, this is the perfect home for a young family or an investor looking to turn this into a rental property. Do not miss out on seeing this home, at this price, this short sale will not last long!

  • Now the lowest price home in Corte Bella Over 3k Sq feet!!!

    Posted Under: Home Buying, Home Selling, Financing  |  September 14, 2012 1:42 PM  |  262 views  |  No comments
    13119 W Quinto Dr, Sun City West, AZ
    A striking foyer and circular entry welcome you into this spacious home where you will find elegant upgrades and fine finishes throughout. Stunning 18” tile, richly glazed maple cabinetry and tasteful hardware selections greet you at every turn. At the heart of the home is a gourmet kitchen boasting 42” staggered cabinets, designer built-ins, butler’s pantry, double ovens, 5-burner gas range and gorgeous group 4 granite counters and backsplash. The split floor plan provides ideal privacy for the master suite which includes luxurious soaking tub, snail shower, his and hers vanity and ample walk-in closet. Formal Living and Dining, generously sized guest rooms, a den perfect for a home office and a split 3-car garage make this home in beautiful 45+ age Corte Bella, absolute PERFECTION!

  • Real Estate Contracts In Phoenix!

    Posted Under: Home Buying in Glendale, Home Selling in Glendale, Financing in Glendale  |  August 8, 2012 8:00 PM  |  441 views  |  1 comment

    Phoenician Real Estate Contracts

    The Phoenix Real Estate market right now is a very strange beast. The overall spread has changed from being heavily weighted with short sales and foreclosures on the listing side and investors on the buying side to a more balanced and wider mix of traditional sales, first time buyers and even move up buyers!

    This is leading to a departure from standard contracts being presented during transactions. Investors are routinely denying buyers the right to SPDS (seller disclosures) and CLUE reports (insurance claim history). Flippers are requesting that buyers waive appraisal contingencies and come up with any shortfalls themselves in the way of cash. This is due to the speed of the rising market and the appraisers lack of ability to keep up with rising prices caused by bidding wars.

    Other contractual lovelies in the market are listings requesting cash only offers (to get around appraisal issues), REO's that require you to pre-qualify with them (in an attempt to gain your financing business). REO's have their own total set of real estate forms that are presented in the form of seller addendum's and forced upon the consumer.

    The other thing affecting contracts is the sudden change from a buyers market to a sellers market. Buyer concessions are almost impossible to get via the purchase contract, multiple offers and bidding wars have also made it harder to get an offer accepted with VA and FHA loans. Sellers are preferencing cash and conventional financing when faced with high levels of interest in their property.

    There really are a lot of moving parts to transactions right now and its more important than ever to make sure the market overall is understood.

    I for one will be glad when shortsales, REO's and flips are a little less present than they are today!!

    Chris Spalding

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